[scarface74]

As an anecdote, my manager has had 2 open positions for 7 months now, paying $125k base + sign on + relocation + bonus + stock for a new grad. Guess how many we've filled after 7 months? A big fat zero.

Why would anyone move to California for $125K when they could live in one of 20 other major cities, make the same amount with a lower cost of living?

[jogjayr]

GP didn't say $125k total comp. Counting sign-on, bonus, and stock, it could be as much as $200k total comp - for a new grad. Which other cities/industries pay that much? (outside of finance or law, at the top end)

[scarface74]

What are the chances that the stock+bonus will be an extra $75K per year? Also, the stock and probably sign on bonus probably has a vesting period. What will be the future value of the stock? What if the project doesn’t go as planned and they let the potential employee go before the vesting period?

Cash is king. Anything else shifts the risks away from the better capitalized corporation to the less capitalized potential employee.

[jogjayr]

If it's a FAANG-type company, the stock has done well in the past 10 years so it's been a pretty good bet to make. Public tech companies have done well overall.

Sign-on bonuses don't have a vesting period. That's why they're called "sign-on" - you get them when you sign on. You might have to give them back, pro-rated, if you leave the company within a certain time period (typically a year).

> Cash is king.

I'm not disagreeing here. I'm just pointing out that the fixed $125k number in your mind is inaccurate in reality. The total value of the stock+sign-on+bonus may not be $75k (that might be the ideal case) but it's not $0 either. The total comp is a lot of money for any new grad in any city in the world (again, outside of finance and law at the top end).

[scarface74]

At Amazon, you have to pay back the sign on bonus if you leave within one year and you have to pay back relocation expenses if you leave in two from what I have heard.

[scarface74]

If it's a FAANG-type company, the stock has done well in the past 10 years so it's been a pretty good bet to make. Public tech companies have done well overall.

Realistically, what are the chances of Apple, Google, Microsoft or Facebook who are all circling $1 trillion to see the same types of returns over the next ten years?

[NTDF9]

>> Cash is king. Anything else shifts the risks away from the better capitalized corporation to the less capitalized potential employee.

And this kind of over-generalization and over-rationalization is exactly the reason why Americans cannot be found.

Sorry, if you want the job, take it else the jobs are going elsewhere. We have a product to sell.

[scarface74]

Americans can be found. But obviously if your company can’t find any, then the compensation you offer isn’t competitive and Americans have better opportunities elsewhere.

[NTDF9]

> Americans can be found. But obviously if your company can’t find any, then the compensation you offer isn’t competitive and Americans have better opportunities elsewhere.

So you have better opportunities elsewhere. Whats your problem with me hiring legal taxpaying smart international people?

Do you want to kill my razor thin business causing layoffs? Do you want me to move to another country? Do you not want smart people here in the US? Do you not want growth in the US?

[scarface74]

I placed no value judgement on your hiring people internationally and making the best decision for your business and doing what was in your best interest.

On the other hand, the original post did imply that there was something morally wrong with employees not being “loyal” and jumping ship to a better offer or not accepting your offer at all because it was in their best interest.

But at the end of the day, it is your business not mine. That informs where both of our loyalties will lie.

[sidr]

Because the you cannot make the same amount in those 20 other cities.

[scarface74]

You really don’t think a developer can make $125K anywhere besides SV?

[NTDF9]

New grad? Where? The only 2 other places are Seattle and NYC, both facing the same employee crunch.

[scarface74]

New grads can’t make $125K in those 20 cities, but they can find comparable salaries vs. cost of living.

You can live comfortably in a nice area in the burbs in many American metro areas off of $70K - $90K.

I could do much better making $90K in most major metros that are not on the west coast or New York than I could do in SV for $125K.